WP Livestock Report

Posted

Hogs steady

U.S. cash hog prices were mostly steady on supplies that were still seasonally tight last week.

Hog prices were pressured late in the week from falling pork cutouts and weaker processing margins. Analysts said packers might reduce slaughter to shore up margins.

Iowa-southern Minnesota hogs traded at $74 US per hundredweight delivered to packing plants July 12, down slightly from $74.50 July 5.

Estimated pork cut-out value fell to $101.48 July 12 from $105.98 July 5.

Estimated U.S. slaughter in the holiday shortened week to July 13 was 2.038 million, up from 1.79 million in the previous holiday shortened week. Last year’s total was 1.96 million.

Bison steady

The Canadian Bison Association said Grade A bulls in the desirable weight range averaged $3.50 Cdn per pound hot hanging weight. Grade A heifers sold up to $3.45.

Animals older than 30 months and those outside the desirable buyer specifications may be discounted.

Lamb prices rise

Beaver Hill Auction in Tofield, Alta., reported that 996 sheep and 233 goats sold July 8.

Wool lambs lighter than 70 lb. were $116-$138 per cwt., 70-85 lb. were $106-$124, 86-105 lb. were $106-$129 and 106 lb. and heavier were $89-$110.

Wool rams were $20-$30 per cwt. Cull ewes were $20-$30.

Hair lambs lighter than 70 lb. were $110-$126 per cwt., 70-85 lb. were $100-$124, 86-105 lb. were $85-$100 and 106 lb. and heavier were $84-$96.

Hair rams were $34-$49 per cwt. Cull ewes were $25-$40.

Good kid goats lighter than 50 lb. were $200-$255. Those heavier than 50 lb. were $202.50-$265 per cwt. Nannies were $65-$110 per cwt. Billies were $100-$147.50.

Ontario Stockyards Inc. reported 1,381 sheep and lambs and 132 goats traded July 8. All classes of sheep and lambs sold at stronger prices.

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